Business
Court Sanction of Scheme of Arrangement
Court Sanction of Scheme of Arrangement.
About this update from Aston Martin Lagonda Global Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3064N Amlin PLC 28 January 2016 \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\nFOR IMMEDIATE RELEASE\n28 January 2016 \nRecommended Cash Offer\nfor\nAmlin plc(incorporated and registered in England and Wales with registered number 02854310)\nby\nMitsui Sumitomo Insurance Company, Limited(incorporated in Japan)\na wholly owned subsidiary of MS&AD Insurance Group Holdings, Inc.(incorporated in Japan)\n \nCOURT SANCTION OF SCHEME OF ARRANGEMENT\nOn 8 September 2015, the Boards of Directors of Amlin plc (\"Amlin\") and Mitsui Sumitomo Insurance Company, Limited (\"MSI\"), a wholly owned subsidiary of MS&AD Insurance Group Holdings, Inc., announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Amlin by MSI, to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the \"Scheme\"). The scheme document in connection with the Scheme was sent by Amlin to Scheme Shareholders on 5 October 2015 (the \"Scheme Document\").\nAmlin and MSI are pleased to announce that the High Court of Justice has, today, made an order sanctioning the Scheme under section 899 of the Companies Act 2006 (the \"Court Order\").\nThere has been no change to the expected timetable for the transaction announced by Amlin on 21 January 2016.\nIt is expected that dealings in Scheme Shares will be suspended with effect from 5.00 p.m. (London time) on 29 January 2016, that the Scheme will become effective upon delivery of the Court Order to the Registrar of Companies, which is expected to take place on 1 February 2016, and that the cancellation of both the listing of Scheme Shares on the Official List and of the admission to trading of Scheme Shares on the London Stock Exchange are expected to take place by no later than 8.00 a.m. (London time) on 2 February 2016.\nThe last day of dealing in, and registration of transfers of Scheme Shares will be 29 January 2016.\nOther\nNote that terms defined in the Scheme Document shall have the same respective meanings when used in this announcement unless otherwise defined herein.\nEnquiries\n\n\n\n\nMSI(Corporate Communicat...